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    0000 Ohio St Melbourne, FL 32904

    Sponsored
    For Sale
    $138,500

    37,026 SF Buildable Lot - Motivated Seller

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 37,026 square foot lot presents a remarkable opportunity for investors and developers in the thriving city of Melbourne, Florida. Located at 0000 Ohio Street, zip code 32904, this property boasts a prime location within Brevard County. The land is zoned for both commercial and residential use, offering unparalleled flexibility for a wide range of development projects. With its substantial size, this parcel provides ample space for various ventures, from constructing a multi-family residential complex to developing a commercial building. The asking price is $138,500, representing a significant value proposition, especially considering comparable properties in the area have indicated values exceeding $160,000. The seller is highly motivated, making this an attractive investment opportunity with considerable upside potential. This property is situated at 28.0641746 latitude and -80.6995037 longitude, providing easy access to major transportation routes and local amenities. Don't miss this chance to acquire a versatile and strategically located land parcel in a rapidly growing Florida market. Act quickly to secure this exceptional investment.

    Property Features for 0000 Ohio St

    General Information

    Property type
    Land

    HighLights

    • $138,500 asking price.
    • 37,026 square foot lot.
    • Located in Melbourne, Florida (32904), Brevard County.
    • Commercial and residential zoning.
    • Motivated seller; comparable properties suggest a value exceeding $160,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6995037
    Latitude
    28.0641746

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    FAQs

    What type of property is this?
    Land - 37,026 SF Buildable Lot - Motivated Seller
    Where is this land located?
    The property is located at 0000 Ohio St Melbourne, FL.
    What is the asking price?
    The asking price for this property is $138,500.
    What are key features of this property?
    This property features: $138,500 asking price.; 37,026 square foot lot.; Located in Melbourne, Florida (32904), Brevard County.
    Request Owner's contact information
    0000 Ohio St Melbourne, FL 32904
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    Melbourne, FL 32904
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    0000 Ohio St Melbourne, FL 32904
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